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Hong Kong Crypto Exchange Allegedly Hit by Frozen Funds

  • Dozens of clients unable to make withdrawals since late Nov.
  • One VC backer has written off entire investment in Coinsuper
Updated on

Customers of a Hong Kong-based cryptocurrency exchange say they can’t withdraw money or tokens from the bourse, and at least seven have reported the matter to police. 

Dozens of clients have been unable to make withdrawals from Coinsuper since late November, based on a review of messages on the firm’s official Telegram chat. Five customers told Bloomberg News that they’d filed police reports after withdrawals were apparently frozen, leaving them unable to retrieve about a combined $55,000 of tokens and cash.